Tempo Launches Credit Services; Bolivian Users Can Borrow Unsecured USDT

TechFlow reported on November 6, citing The Defiant, that payments blockchain Tempo has launched credit services, connecting businesses with third-party lenders to provide financing for business operations and customer loans. Eligible El Dorado wallet users in Bolivia can now access USDT loans without locking crypto assets as collateral.

The report noted that Tala provides funding, vets borrowers and bears credit risk, while El Dorado provides wallets and customer relationships; loan disbursements and repayments are processed through the Tempo network. Third-party lenders independently determine pricing and financing terms, and Tempo itself does not provide loan funding.

Source: TechFlow